additional goological tests of the property and $490,000 to prepare for driting During the first yoar, Donahue removed and sold 95,000 barnels of oil Record al of Donahue's transactions. includin depletion for the fint yoar, (Recced debils first, then credits. Select the explanatian on the last line of the journal entry table). Donahue paid 56,900,000 for ol reserves heiding an estimated 1,000,000 banels of ell Record the payment for the of reserves. De not record payment for any addtond costs assocated with the oil reserves (geologcal testing andior dniling). We will do this in the following antry